Financial Markets (ECON 252)

Behavioral Finance is a relatively recent revolution in finance that applies insights from all of the social sciences to finance. New decision-making models incorporate psychology and sociology, among other disciplines, to explain economic and financial phenomenon, such as erratic stock price variations. Psychological patterns such as overconfidence and perceived kinks in the value function seem to impact financial decision-making, but are not included in classical theories such as the Expected Utility Theory. Kahneman and Tverskys Prospect Theory addresses such issues and sheds light on irrational deviations from traditional decision-making models.

Complete course materials are available at the Open Yale Courses website: open.yale/courses

This course was recorded in Spring 2008.

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Head over to the finance office to work on paying for a new car with expert car buying advice from an experienced new car salesman in this free online used car video clip.

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The credit card is part of the payment system that can be used now, and have even become a trend in which all people have at least 1 credit card. The issuer of the card grants a line of credit to consumers (or users) from users who can borrow money for payment to a merchant or a cash advance credit cards to the user. A credit card is different from the charge card, charge card in which the need to be paid the full balance each month. Conversely, the credit card that allows consumers to ‘revolve’ their balance, the interest charged. Most credit cards issued by local banks or credit, and is the same shape and size as determined by the standard ISO 7810.

Currently, the economy is in difficult circumstances and credit became harder to get, get from the debt is more important than ever. Furthermore, when the debt comes from the use of credit cards. If you take more than a credit card debt you can pay each month, now is the time to complete it. Even if you do not have the cash to pay your debt immediately, you can still take steps that will help you pay down your debt faster.

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